KPMG seeks financial support from parent group in wake of audit scandal August 24, 2026 KPMG Australia has asked its parent company for financial support and laid off hundreds of staff after an audit scandal rocked the Big Four firm’s business down under. In its annual results on Monday, the Australian arm of the accounting group said it will cut its workforce by five per cent and partner pay by [...]
Greg Norman: I’d rather see LIV Golf end than wither away August 24, 2026 Former LIV Golf CEO Greg Norman has said he would rather see the rebel tour scrapped altogether than continue in a diminished form. The tour’s future is in serious doubt after Saudi Arabia’s Public Investment Fund withdrew its backing earlier this year, having already spent $5bn on rivalling the PGA Tour. Talks continue over a [...]
Drive to Survive renewed by Netflix as Formula 1 docuseries gets ninth season August 24, 2026 Netflix has confirmed that Drive to Survive, the hit Formula 1 docuseries that spawned countless imitations across sport, will return for a ninth season next year. Filming behind the scenes of the current season has already begun, with post-production set to begin at the end of the year ahead of an expected February 2027 release. [...]
European private credit booms as private equity firms are forced to refinance August 24, 2026 Lending by European private credit firms hit a record-high in the first half of the year as a subdued dealmaking environment forced private equity firms to pause sale processes and renegotiate their portfolio companies’ debt, new data suggests. The value of direct lending across the continent hit €63.2bn (£54.1bn) in the first six months of [...]
Burnham accused of ‘piecemeal’ business rates reform August 24, 2026 Andy Burnham has been accused of taking a “piecemeal” approach to business rates instead of committing to Labour’s manifesto pledge to replace the tax system. The government has launched a review into how business rates bills are calculated for pubs and hotels, but industry bodies have urged the Prime Minister to commit to wholesale reform [...]
Was Fifa able to sack senior exec Lamour without consequences? A lawyer explains August 24, 2026 Fifa’s chief operating officer, Kevin Lamour, has been shown the ultimate red card after being sacked from his senior executive role last week. The dismissal followed Lamour’s recent criticism of Gianni Infantino’s proposal to sell a stake in Fifa’s tournament business. Despite Fifa U-turning on this decision after a strong backlash, it appears that no [...]
The UN treaty that’s been incentivising Britain’s blockers since 1998 August 24, 2026 Leaving the Aarhus Convention would make it easier to build homes, roads, reservoirs, railways and companies, writes Tom Willerton-Gartside.
Saba revives attack on Baillie Gifford trust August 24, 2026 Notorious activist hedge fund Saba Capital has launched a fresh assault on one of Baillie Gifford’s largest investment trusts, proposing three candidates to be installed on the vehicle’s board. In the latest offensive in a long-running onslaught on London-listed trusts, the Boaz Weinstein-run fund put forward a trio of executives for shareholders to consider for [...]
Digital investment nearly doubles since 2019 yet AI’s growth contributions questioned August 24, 2026 Investment in digital infrastructure has nearly doubled in the space of just five years official data has shown even as economists question whether recent gains in productivity are down to artificial intelligence. A revision of how digital infrastructure spending is calculated by the Office for National Statistics (ONS) has suggested that business investment in digital [...]
Morrisons pledges to slash prices as price war intensifies August 24, 2026 Morrisons has pledged to match prices with its rivals on hundreds of products, as the debt-ridden grocer ramps up an emerging price war between UK supermarkets. The private-equity-owned supermarket has vowed that 500 of its “everyday essentials” will not be found cheaper at any of Tesco, Sainsbury’s, Asda, Aldi or Lidl. Britain’s supermarkets are fighting [...]